Buy 3 Stocks From Oil & Gas Sector For Gains Up To 40%, Suggested By Motilal Oswal

Motilal Oswal, a renowned brokerage firm, has a bullish outlook on three stocks in the oil and gas sector. Gujarat Gas Limited, Gujarat State Petronet Limited, and Petronet LNG Limited are among these three stocks. The brokerage has assigned target prices to these stocks, and with the assigned target price, stocks can jump up to 40% from their current level. Below are the key takeaways from the stocks, including returns on investments over the past 5 years.

Petronet LNG Limited

Petronet LNG Limited is one of the fastest-growing world-class Public Limited Companies in the Indian energy sector. It has set up the country's first LNG receiving and regasification terminal at Dahej, Gujarat with a present nominal capacity of 17.5 MMTPA and another terminal at Kochi, Kerala having a nominal capacity of 5 MMTPA. It is a mid-cap company with a market cap of Rs 31,830 crore.

 
Motilal Oswal has placed a "buy" call on the stock with a target price of Rs 297/share. The brokerage with the given target price claims a potential upside of up to 40% from its current level. The stock last traded at Rs 212.20/share, down 0.19% from its previous close. 

 
In terms of returns on investments, the stock performed well in the past 3 months. It gave 6.77% in 1 month and 0.33% in 3 months, respectively.  However, in the past 1 year, it gave 10.43% negative returns. In the past 3 and 5 years, it gave 25.03% & 19.35% negative returns on investments.

Gujarat State Petronet Limited

Gujarat State Petronet Limited is a large-cap Gas & petroleum sector company engaged in gas distribution. The company is a subsidiary of Gujarat State Petroleum Corporation (GSPC). Gujarat State Petronet Limited along with its subsidiaries is primarily engaged in the transmission of Natural gas through the pipeline. The company has Rs 13,140.48 crore market capitalization. 

Motilal Oswal has assigned a buy call to Gujarat State Petronet Limited with a target price of Rs 319/share,. With the given target price, stock could give up to 37% returns. The stock last traded at Rs 232.90/share on NSE, 0.62% up as compared to its previous close. 

In one week, the stock grew by 3.37%, and in one month, it grew by 6.44%. It delivered 1.5% negative returns over the previous three months. It delivered 26.38% negative returns over a year. The stock returned 8.3% and 9.42% in the past three and five years, respectively.

Gujarat Gas Limited (GGL)

Gujarat Gas Limited is a mid-cap City Gas Distribution (CGD) company. It is India's largest CGD Company in terms of sales volume operating in 44 districts in 6 states of Rajasthan, Punjab, Maharashtra, Haryana, & Madhya Pradesh, Gujarat, and 1 Union territory of Dadra & Nagar Haveli. It has a market capitalisation of Rs 33,087.47 crore. 

 
Motilal Oswal has placed a "buy" call on GGL with a target price of Rs 583/share. According to the given target price, the brokerage claims a potential upside of up to 22% from its current level. On NSE, the stock last traded at Rs 480.65/share, 2.97% down as compared to its previous close.

 
The stock declined by 6.52% in 1 week, however, it gave 3.47% positive returns in 3 months. Over a year, the stock has fallen, giving a negative return of 26.49%. In 3 years it gave 141.53% multibagger returns and in 5 years, it gave 172.26% multibagger returns on investments.

Disclaimer

The stocks have been picked from the brokerage report of Motilal Oswal. Greynium Information Technologies, the Author, and the respective Brokerage house are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before making any investment decision.